Low-income employees can’t afford healthcare and it’s taking a toll on employers

Published Updated 3 Min Read

Low-income employees are at a high risk for facing financial barriers to healthcare, which could mean higher costs and lost productivity for employers down the road.

Even when low-income workers — or those with annual family incomes of less than $35,000 — have employer-sponsored insurance, hurdles like high deductibles, coinsurance and drug prices can keep healthcare out of their reach, according to a new report from the Integrated Benefits Institute. The study found that one in three low-income employees needed healthcare they could not afford.

Evelina Nedlund
Associate editor

Evelina Nedlund is an associate editor of Employee Benefit News and Employee Benefit Adviser. She can be contacted via email at evelina.nedlund@arizent.com.


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form